Music Theatre of Connecticut Inc

Analysis

Music Theatre of Connecticut Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in July 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Music Theatre of Connecticut Inc reported income of $659k and spending of $899k, spending 136% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $648k to $659k (+1.8%), an average of +0.4% a year. The sharpest change came in the year to August 2022, when income rose by 29%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Music Theatre of Connecticut Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include Iron Workers Local 383 Training Program Trust ($659k), Pike County Adult Activities Center ($659k) and Care Pregnancy Clinic ($659k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 30% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $184k (20% of expenses). Other salaries and wages came to $210k. At year end it held assets of $2.0m against liabilities of $2.0m, net assets of $32k. It reported 38 employees.